G A I L (India) disclosed a substantial drop in standalone net profit for the quarter ended March 2015. During the quarter, the profit of the company declined 47.46% to Rs 5,107.50 million from Rs 9,720.30 million in the same quarter previous year.
Analysts, on average, expected GAIL (India) to report a profit of Rs 6.67 billion, on revenue of Rs 41.55 billion.
Revenues for the quarter declined marginally 2.04% to Rs 142,706.20 million, compared with Rs 145,671.60 million for the prior year period.
Earnings per share for the quarter stood at Rs 4.03, registering 47.39% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 15 | Mar - 14 | %Change |
| Revenues | 142,706.20 | 145,671.60 | (2.04) |
| Net Profit | 5,107.50 | 9,720.30 | (47.46) |
| Diluted EPS | 4.03 | 7.66 | (47.39) |
Shares of the company declined Rs 15.3, or 3.94%, to trade at Rs 373.00. The total volume of shares traded was 172,611 at the BSE (2.55 p.m., Wednesday).
